Ascending Triangle on DRReddyAscending Triangle on DRReddy.
Trade:
Long Entry - 2238
Target - 2380
Stop loss - 2170
DRREDDY
DR Reddy's - Bullish Head n Shoulder PatternIt is been observed on the daily chart that the price action forms an inverse Head N Shoulder pattern, indicating a positive and bullish move ahead.
Target 1: 2770
Target 2: 2810
Stoploss: 2690
Dr. Reddy's - Descending Traingle Formation NSE:DRREDDY is at the bottom edge of the descending traingle.
Levels and zones are marked.
Trade accordingly.
Cheers !
DRREDDY Long Channel, Divergence 3LR!The stock price movement looks interesting for a potential long trade. Channel is catching the price movement beautifully and now showing divergence also. The last bar made a 3L-R. One can buy the stock for a target of 3100 stop loss 2920.
Reddy Triangle FormationReact on Breakout
Keep on Radar.
if 2980 holds on closing basis then also long can be taken
Drreddy shortDrreddy is giving short breakout below 3219.60 for the tgt 3178 if do not break 3254 on upside.
DR Reddys Labs continue to trade in channel DR Reddys Labs after hitting a high and sudden nose down, its is continuously trading in channel and stock hit the channel resistance and now is approaching to its channel support around 3100.00, risky trader may enter short in this stock at CMP, conservative trader may wait as it may retest the resistance 3400.00 again and short there if breakout doesn't occurs.
Dr REDDY - ALL SET TO FILL GAP (Buy)There was a gap down observed on daily chart which is been not filled up for a long time. Now the price action breaks out from a rectangular consolidation and shall reach out to 3280 levels in order to fill up that GAP.
Target: 3280
Stoploss: 3070
